BZZUF - Buzzi: Cement Giant Trading At 8x Earnings
2024-05-29 10:30:00 ET
Summary
- Buzzi's financial results for 2023 were strong, with a significant increase in EBITDA margin and EPS.
- The company had a net cash position of over 500M EUR at the end of 2023.
- Buzzi expects its full-year results for 2024 to be similar to 2023 despite a relatively weak first quarter.
Introduction
At the end of last year, I wrote an article on Buzzi ( OTCPK:BZZUF ) arguing the company was in an excellent position to print some phenomenal numbers for 2023 , and I thought the company could potentially be a go-private candidate thanks to its very strong cash flows. The financial results indeed came in very strong and the share price reacted accordingly....
Buzzi: Cement Giant Trading At 8x Earnings